Current:Home > MarketsKevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio -PrimeFinance
Kevin Durant invests in Paris Saint-Germain, adding to his ownership portfolio
View
Date:2025-04-19 12:24:52
Basketball star Kevin Durant left Paris with more than just Olympic gold.
Durant has become an investor in soccer club Paris Saint-Germain, announced Monday through his company Boardroom.
Paris Saint-Germain remains a soccer powerhouse in Europe, winning 10 French League titles since 2012, but has seen the exodus of stars like Kylian Mbappe, Lionel Messi and Neymar in the last year.
The PSG investment is another venture into sports ownership for Durant, the NBA star who led the U.S. men’s basketball team to the gold medal alongside Stephen Curry and LeBron James at the 2024 Paris Olympics.
Durant and longtime business partner Rich Kleiman visited the PSG campus with club president Nasser Al-Khelaifi earlier this month, according to a social media post.
“They witnessed first-hand how the Club's values of innovation and excellence are embodied in this new environment, where Paris Saint-Germain is nurturing the stars of tomorrow,” the social media post said. “They also spent time with Paris Saint-Germain's professional football teams, with a particular focus on the women's and youth academy teams - areas of strong interest for him both in terms of sport and investment.”
Boardroom, Durant and Kleiman's sports and entertainment media network, will also work with PSG on content and strategy. Durant is invested in the club through Boardroom Sports Holdings, LLC via Arctos Partners.
Durant purchased a 5% stake of the Philadelphia Union in Major League Soccer in 2020. He became a minority owner of NJ/NY Gotham FC in the National Women's Soccer League (NWSL) in 2022. He is also a co-owner of the Brooklyn Aces in Major League Pickleball.
Durant, 35, is a two-time NBA champion and four-time Olympic gold medalist. He will enter his 17th NBA season with the Phoenix Suns later this year.
veryGood! (788)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Victoria Beckham Shares the Simple Reason She Keeps a “Very Disciplined” Diet
- Minnesota defeats Boston in Game 5 to capture inaugural Walter Cup, PWHL championship
- Israel says it’s taken control of key area of Gaza’s border with Egypt awash in smuggling tunnels
- The Grammy nominee you need to hear: Esperanza Spalding
- Charges against world’s top golfer Scottie Scheffler dropped after arrest outside PGA Championship
- Bronny James to remain in NBA draft, agent Rich Paul says ahead of deadline
- South Carolina’s Supreme Court will soon have no Black justices
- Small twin
- Mummy's arm came off when museum mishandled body, Mexican government says
Ranking
- Bodycam footage shows high
- California beach reopens after closing when shark bumped surfer off surfboard: Reports
- 7 young elephants found dead in Sri Lanka amid monsoon flooding
- Oilers roar back, score 5 unanswered goals to tie conference finals with Stars 2-2
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 13 Things From Goop's $159,273+ Father's Day Gift Guide We'd Actually Buy
- Major leaguers praise inclusion of Negro Leagues statistics into major league records
- Patrol vehicle runs over 2 women on Florida beach; sergeant cited for careless driving
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
These US companies are best at cutting their emissions to fight climate change
Wheel of Fortune’s Pat Sajak Has a Must-See Response to Contestants Celebrating Incorrect Guess
Yellowstone's Ryan Bingham Marries Costar Hassie Harrison in Western-Themed Wedding
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
These US companies are best at cutting their emissions to fight climate change
Bravo's Ladies of London Turns 10: Caroline Stanbury Reveals Which Costars She's Still Close With
Homeowners face soaring insurance costs as violent storms wreak havoc